# M G DEVELOPMENTS (NI) LIMITED (NI051579)

> M G DEVELOPMENTS (NI) LIMITED is an active private limited company (company number NI051579) incorporated on 26 August 2004, registered in Co. Antrim. Its registered activity is construction of domestic buildings (SIC 41202). Latest small accounts cover the period ending 31 March 2025, showing net assets of £396k and cash of £591, with 9 employees on average. Net assets rose 25% on the prior period (£316k).

- Status: Active
- Incorporated: 2004-08-26
- Registered office: Co. Antrim, BT39 9JB
- SIC 41202: Construction of domestic buildings
- Next accounts due: 2026-12-31
- Confirmation statement due: 2027-09-09
- Accounts type: TOTAL EXEMPTION FULL

By net assets it sits in the top quarter of 1,193 comparable companies in Belfast (median £23k, upper quartile £169k).

## Accounts (as filed)

| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 2025-03-31 | £396k | £591 | £502k | — | — | — | 9 |
| 2024-03-31 | £316k | £25k | £349k | — | — | — | 10 |

size band micro.

## Filing and accounts signals (facts, not a rating)

- Net assets above zero: Net assets £395,594 at 31 March 2025
- Net assets up 10% or more on the prior period: +25.2% vs prior period
- Incorporated five or more years ago: Incorporated 26 August 2004

How each signal is derived: https://firmoscan.com/methodology

## Persons with significant control

- Mr John Joseph Mcgarel — owns 25–50% of shares; holds 25–50% of voting rights, since 2016-04-06
- Mr Peter Gerard Mcgarel — owns 25–50% of shares; holds 25–50% of voting rights, since 2016-04-06

---
Source: Companies House register snapshot 2026-08-31, Open Government Licence v3.0. Information may have changed since that date and is not advice or a credit reference; check the official record before relying on it. Official record: https://find-and-update.company-information.service.gov.uk/company/NI051579
HTML: https://firmoscan.com/company/NI051579-m-g-developments-ni-limited